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Article: Market restrictions and economic growth

TitleMarket restrictions and economic growth
Authors
Issue Date1998
PublisherBlackwell Publishing, Inc. The Journal's web site is located at http://www.blackwellpublishing.com/journals/CJE
Citation
Canadian Journal Of Economics, 1998, v. 31 n. 2, p. 385-394 How to Cite?
AbstractThis paper introduces endogenous growth into a standard two-sector model to study the growth effect of changes in organization of markets. We find that when the rents from land expand to keep pace with the growth of output, it is possible that in the long run an economy in which land is not traded grows faster than a fully competitive economy; and an economy in which neither land nor labour markets are competitive and the share of output given to labour is high enough attains the fastest growth. Otherwise, restrictions on the land market retard long-run growth.
Persistent Identifierhttp://hdl.handle.net/10722/177714
ISSN
2015 Impact Factor: 0.5
2015 SCImago Journal Rankings: 0.701
References

 

DC FieldValueLanguage
dc.contributor.authorZhang, Jen_US
dc.date.accessioned2012-12-19T09:39:39Z-
dc.date.available2012-12-19T09:39:39Z-
dc.date.issued1998en_US
dc.identifier.citationCanadian Journal Of Economics, 1998, v. 31 n. 2, p. 385-394en_US
dc.identifier.issn0008-4085en_US
dc.identifier.urihttp://hdl.handle.net/10722/177714-
dc.description.abstractThis paper introduces endogenous growth into a standard two-sector model to study the growth effect of changes in organization of markets. We find that when the rents from land expand to keep pace with the growth of output, it is possible that in the long run an economy in which land is not traded grows faster than a fully competitive economy; and an economy in which neither land nor labour markets are competitive and the share of output given to labour is high enough attains the fastest growth. Otherwise, restrictions on the land market retard long-run growth.en_US
dc.languageengen_US
dc.publisherBlackwell Publishing, Inc. The Journal's web site is located at http://www.blackwellpublishing.com/journals/CJEen_US
dc.relation.ispartofCanadian Journal of Economicsen_US
dc.titleMarket restrictions and economic growthen_US
dc.typeArticleen_US
dc.identifier.emailZhang, J: jjzhang@econ.hku.hken_US
dc.identifier.authorityZhang, J=rp01124en_US
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.scopuseid_2-s2.0-0344973013en_US
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0344973013&selection=ref&src=s&origin=recordpageen_US
dc.identifier.volume31en_US
dc.identifier.issue2en_US
dc.identifier.spage385en_US
dc.identifier.epage394en_US
dc.publisher.placeUnited Statesen_US
dc.identifier.scopusauthoridZhang, J=55367373100en_US

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